Horse Racing Veteran Named new Interim CEO Of Sweden's ATG
Swedish horse racing wagering operator, AB Trav och Galopp (ATG), has called Jörgen Forsberg as its new interim Chief Executive Officer.
The leadership mixes at the top of ATG were triggered by the resignation of previous CEO Hasse Lord Skarplöth, who held the function for 13 years.
His notice was handed in at the very same time as ATG exposed a stagnating FY25 monetary profile, with lower YoY performance throughout the board. Both Skarplöth and ATG's Board stated at the time that they were parting methods due to clashing views about the operator's future.
Skarplöth's location was instantly taken up by Peter Norman, ATG Chairman, who has actually been functioning as the interim CEO previously, with Forsberg replacing him so that he can fully return to his chairing tasks.
Norman commented: "I invite Jörgen Forsberg to ATG. He will lead the work of implementing the plans chosen by the board and be acting CEO up until a new CEO is recruited. The recruitment process for a long-term option is ongoing."
Forsberg is presently also the CEO of Svensk Travsport, the national governing body of trotting racing. He will carry out both roles concurrently and Ulf Hörnberg, Vice President of Svensk Travsport, will supply support for a few of the operational jobs within the organisation, while the process of picking a brand-new irreversible CEO of ATG takes place.
As for his background, Forsberg has actually previously been Chairman of the Board and CEO of Stockholms Travsällskap, the operator of the harness-racing track in Stockholm. He also boasts regional and worldwide senior leadership experience in the automobile market.
On his own consultation, Forsberg said: "While waiting for a new CEO, I look forward to continuing to establish ATG together with all of ATG's workers according to the board's strategies and safeguarding the company's important role for the Swedish horse market."
Time for modification
Previously state-owned, the federal government loosened its control over ATG last year in a bid to make it more competitive because of an increasing difficulty from international operators ever given that Sweden's market was re-regulated in 2019.
Considered that the operator reported noteworthy YoY profits declines in 2025, this year will definitely prove transformative for ATG, particularly when a brand-new CEO gets .
The operator has actually likewise been expanding its existence outside of Sweden. Just just recently, its joint venture with Hippos Oy looked for a sports betting licence in Finland. Expected to launch in 2027, Finland's brand-new controlled market could prove a core aspect to ATG's return-to-growth aspirations.